Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future.

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The stock market is in the red, with the tech-heavy Nasdaq plunging more than 1% on Monday morning as new regulatory measures introduced by President Biden have severely impacted artificial intelligence (AI) stocks. These changes have raised concerns among investors, leading to a sharp sell-off in AI-related companies.

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The Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.

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The tech world is focused on Las Vegas this week as companies show the industry’s future at the Consumer Electronics Show. Nvidia CEO Jensen Huang delivered a keynote to open the event in his signature leather jacket. The chip boss announced new AI agents and updates on the company’s humanoid efforts.

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The Biden administration’s anticipated chip restrictions are being criticized by chip leader Nvidia (NVDA).

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What you major in can have a big impact on your earning potential.

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As the artificial intelligence race heats up, so does the global competition for computing power — something the boom would be impossible without.

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Nvidia (NVDA) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.

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